Mr. Max Schwartz reports

ORGANIGRAM HOLDINGS INC. FILES PRELIMINARY BASE SHELF PROSPECTUS

Organigram Holdings Inc. has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada. A corresponding shelf registration statement on Form F-10 has been filed with the United States Securities and Exchange Commission but is not yet effective.

The base shelf prospectus, when made final and effective, will allow Organigram to qualify the distribution of up to $500-million of common shares, debt securities, subscription receipts, warrants and units during the 25-month period that the base shelf prospectus remains effective. The specific terms of any future offering of securities will be established in a prospectus supplement filed with the applicable Canadian and U.S. regulatory authorities. The base shelf prospectus, when final and effective, will provide flexibility for financing options to pursue the company's objectives.

A copy of the base shelf prospectus can be found on SEDAR+ and a copy of the registration statement can be found on EDGAR.

No offer to buy any securities of the company can be accepted until the registration statement has become effective.

About Organigram Holdings Inc.

Organigram is a Nasdaq Global Select Market- and Toronto Stock Exchange-listed company, the wholly owned subsidiaries of which include Organigram Inc. and Laurentian Organic Inc., licensed producers of cannabis and cannabis-derived products in Canada, and The Edibles and Infusions Corp., a licensed manufacturer of cannabis-infused edibles in Canada.

Organigram is focused on producing high-quality cannabis for patients and adult recreational consumers, as well as developing international business partnerships to extend the company's global footprint. Organigram has also developed and acquired a portfolio of legal adult-use recreational cannabis brands, including Edison, Holy Mountain, Big Bag O' Buds, Shred, Shred'ems, Monjour, Laurentian, Tremblant Cannabis and Trailblazer. Organigram operates facilities in Moncton, N.B., and Lac-Superieur, Que., with a dedicated edibles manufacturing facility in Winnipeg, Man. The company is regulated by the Cannabis Act and the Cannabis Regulations (Canada).

We seek Safe Harbor.